Sharp (OTCMKTS:SHCAY) Shares Pass Above 200-Day Moving Average - Should You Sell?

Key Points

• Sharp Corporation's share price recently crossed above its 200-day moving average, reaching a high of $1.47 during trading, indicating a potential upward trend.
• The company reported $0.04 earnings per share for the most recent quarter, exceeding analysts' expectations of $0.02, with a revenue of $3.20 billion.
• Sharp has a market cap of $3.82 billion and a P/E ratio of 9.19, along with a debt-to-equity ratio of 2.42, reflecting its financial position.

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.33 and traded as high as $1.47. Sharp shares last traded at $1.47, with a volume of 936 shares.

Sharp Price Performance

The firm has a fifty day simple moving average of $1.18 and a 200 day simple moving average of $1.33. The company has a market capitalization of $3.60 billion, a PE ratio of 8.66 and a beta of 0.73. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.97 and a current ratio of 1.29.

Sharp (OTCMKTS:SHCAY - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.09 billion. Sharp had a return on equity of 18.62% and a net margin of 3.12%. Equities analysts anticipate that Sharp Corp. will post 0.01 EPS for the current year.

About Sharp

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.